>>>THE TRUTH BEHIND WHY MOST TRADERS FAIL AND MORE — LIVE AT 1 PM ET!<<<
Wednesday ended in an absolute bloodbath following the latest rate cut from the Federal Reserve, which also signaled a slowdown in its cutting plans for the future.
But if you’ve been reading this and watching my Premarket Must Watch for the past several weeks, then you probably weren’t surprised that the market sold off.
Sure, it was a really bad day, but we’ve been discussing the potential for the market to start heading south for a while now. And I’ve been warning people to trim longs and start moving to cash because market fundamentals have been really bad.
And when the Magnificent Seven stocks finally give up the ghost, the whole market would take a dive because they’ve been carrying things higher for weeks now while the S&P 500 Equal Weight ETF (RSP) has been falling.
While the market took a dive, the VIX Volatility Index, aka the “Fear Gauge,” exploded 75% higher. Bonds, meanwhile, have been falling for weeks, along with momentum across the vast majority of the market…
RSP is now below its 50-day moving average, and there’s a lot of vulnerability ahead of us…
I’ll cover all that, my daily hitlist of longs and shorts and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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P.S. How to Become a More Confident Options Trader
Just a quick reminder…
I’ll be in the LIVE room later today with my good friend Chris Pulver at 1 p.m. ET today, Dec. 19, and we’ll be showing you how you can flip most traders’ mistakes into opportunities ….
You see, while other traders wish for the markets to follow their predictions — which mostly don’t happen…
The best way to make the most out of it is to target wins while it maintains the same pattern it’s followed for the past 24 years…
Which means we don’t need to wait for a miracle surge or even target overnight moves…
But as long as the markets avoid making an EXTREME move in one direction during some specific hours…
We have a shot at targeting payouts every single day!
Now, no one can guarantee wins or losses, but the more you follow the ‘regular’ way of trading, the more it could hurt your portfolio.
Which is why we’ll be in the LIVE room later today to share the finer details on how you can avoid making that mistake.
